The opportunity cost of taking a trip to Disneyland includes the money you
A) save using a discount airfare coupon
B) give to your favorite charity each year
C) earn when you get back from Disneyland
D) could have earned if you stayed at home and worked

Question

Quizplus · Accepted Answer

The opportunity cost of an action is the value of the next best alternative that you give up when making a choice. In this case, the opportunity cost of taking a trip to Disneyland includes the money you could have earned if you stayed at home and worked, as this is the foregone benefit of not working during that time.

The Opportunity Cost of Taking a Trip to Disneyland Includes